Best of Artemis, week ending 20th October 2013

Here are the top ten articles as viewed by our readers week ending 20th October 2013. As always, you can read every market news story and article here on the Artemis news blog, subscribe to our weekly email newsletter updates and for your convenience here are the ten most popular news articles from the last seven days on Artemis.

Top ten most viewed articles on Artemis.bm, week ending 20th October 2013:

1. 2013 catastrophe bond issuance hits $6.24B with Calypso Capital II
   With the successful completion of the latest catastrophe bond to be issued, AXA’s Calypso Capital II Ltd. European windstorm cat bond, the total volume of catastrophe bond risk capital issued so far in 2013 is now officially $6.24 billion, according to the Artemis Deal Directory.
2. Two Sigma Investments reported in talks to buy into SAC Re
   Two Sigma Investments, a technology and data driven hedge fund and investments firm, is reported to be the front running candidate to buy hedge fund manager Steven A. Cohen’s firm SAC Capital’s stake in its year old reinsurer SAC Re.
3. $175m Galileo Re multi-peril catastrophe bond launched for Catlin
   Global specialty property and casualty insurance and reinsurance firm Catlin is returning to the catastrophe bond market in search of capital markets backed reinsurance cover for the first time since 2008 with a new multi-peril cat bond deal, Galileo Re Ltd. (Series 2013-1).
4. Guy Carpenter’s new E&S practice to help clients access capital markets
   Reinsurance broker Guy Carpenter has launched a new Excess & Surplus Lines Specialty Practice to focus on the needs of these specialist insurers and to help educate them about their use of capital and options for risk transfer, including the capital markets.
5. Alternative capital is efficient capital: Frank Majors, Nephila Capital
   The preferred terminology used at ILS investment manager Nephila Capital to describe the third-party capital that has entered the reinsurance market, as institutional investors appreciation for catastrophe risk as an asset class has grown, is not ‘alternative capital’, rather it is ‘efficient capital’.
6. Leadenhall passes $1.5 billion assets under management, announces latest hire
   Reinsurance-linked investments manager Leadenhall Capital Partners LLP (Leadenhall) has announced that the firm has passed $1.5 billion of assets under management as of September 2013. The firm has also added a new hire of a General Counsel & Head of Transaction Management.
7. Mercury Capital hires Nathalie Rushe to lead origination and marketing
   Artemis has learnt that Nathalie Rushe joined Mercury Capital, the Bermuda based ILS fund manager, in September as Managing Director for Origination and Marketing.
8. Bermuda launches fast-track registration investment fund class
   In a development that will interest insurance-linked securities investment managers, reinsurers looking to establish ILS or third-party capital fund operations and other institutional investors such as hedge funds, Bermuda has launched a new class of investment fund designed to be quicker to establish.
9. Hannover Re holds back ILS fund capital, cites cat bond pricing
   German reinsurer Hannover Re, the anchor investor in the Leine Investment SICAV-SIF Insurance-Linked Securities Sub-Fund 1, told us that currently only about 25% of its seed capital has been deployed by the fund.
10. Hampden renews collateralised quota share reinsurance with XL Re
    Hampden Underwriting Plc, a Lloyd’s of London firm focused on property insurance, reinsurance and motor business and which enables investors to directly access the Lloyd’s market, has renewed a collateralised quota share reinsurance agreement with XL.

This is by no means every article published on Artemis during the last week, just the most popular among our readers. To ensure you always stay up to date with Artemis subscribe to our weekly email newsletter update.

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